Oman sets banks, schedules call for three tranches of dollar notes

By Rebecca Melvin

New York, Oct. 20 – The government of the Sultanate of Oman, represented by the Ministry of Finance, has selected banks and scheduled fixed-income investor calls for new U.S. dollar-denominated notes in three tranches including three-, seven- and 12-year notes (expected ratings: Ba3//BB-), according to a market source on Tuesday.

Bank Muscat, Citi, First Abu Dhabi Bank, HSBC, Natixis, Societe Generale and Standard Chartered Bank are joint lead managers and bookrunners of the Rule 144A and Regulation S deal.

The calls with fixed-income investors began on Monday.

A senior unsecured bond offering will follow, subject to market conditions.

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